Russian oil exports up 0.8% to 62.4 mln tonnes in Q1 - Rosstat
MOSCOW. May 29 (Interfax) - Russian oil and gas condensate exports rose 0.8% year-on-year in Q1 2017 to 62.4 million tonnes, the Federal State Statistics Service (Rosstat) said, citing Federal Customs Service (FCS) data, which include trade with Belarus.
Oil accounted for 27.9% of overall Russian exports in Q1 2017, up from 23% a year previously, and 43.4% of overall fuel and energy exports, compared with 39.1%.
The average export price for oil in March 2017 was $368.5 per tonne, down 2.3% compared with February 2017. Urals blend traded at $363.3 a tonne on the world market, down 7% from February.
Changes in average export prices for Russian crude and oil prices on the world market:
| Average actual export price | World market price for Urals blend | |||
| $ per tonne | % of December the previous year | $ per tonne | % of December the previous year | |
| 2016 | ||||
| January | 230,3 | 82,0 | 209,9 | 78,9 |
| February | 210,6 | 75,0 | 223,0 | 83,9 |
| March | 241,3 | 85,9 | 266,7 | 100,3 |
| April | 258,8 | 92,2 | 289,3 | 108,8 |
| May | 290,0 | 103,3 | 326,0 | 122,6 |
| June | 309,6 | 110,3 | 339,4 | 127,6 |
| July | 311,3 | 110,9 | 318,1 | 119,6 |
| August | 308,7 | 109,9 | 320,5 | 120,5 |
| September | 312,3 | 111,2 | 322,5 | 121,3 |
| October | 326,6 | 116,3 | 350,4 | 131,8 |
| November | 326,4 | 116,2 | 320,3 | 120,5 |
| December | 339,1 | 120,8 | 380,2 | 143,0 |
| 2017 | ||||
| January | 369,8 | 109,1 | 388,1 | 102,1 |
| February | 377,0 | 111,2 | 390,5 | 102,7 |
| March | 368,5 | 108,7 | 363,3 | 95,5 |
Source: Russian Economic Development Ministry
Russia produced 136 million tonnes of oil and gas condensate in Q1 2017, 0.1% more than in Q1 2016, and refined 69 million tonnes, up 7.3%.
Oil production by Russia and the leading oil exporting nations ('000 barrels per day):
| 2017 | |||
| March | February | January | |
| Russia * | 10655 | 9671 | 10764 |
| OPEC (total)** | 31928 | 32081 | 32026 |
| Of which: Iraq | 4402 | 4411 | 4475 |
| Saudi Arabia | 9994 | 9952 | 9809 |
* - Not including gas condensate.
** - OPEC Market indicators as at end: March-2017
